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In a recent briefing about the state visit, Chinese Foreign Minister Wang Yi said that the trip will bear rich fruit, with the two countries poised to reach consensus in a wide range of areas, including trade, energy, finance and defense, and ink a trove of far-reaching deals.

The People's Bank of China (PBOC) announced on Friday to cut the reserve requirement ratio (RRR) of banks by 0.5 percentage points starting from Saturday.

The "Zun of Peace" embodies the shared values and close relations of China and the UN, said Ban, adding his appreciation for China's contributions to promoting world peace and development.

In fact, Xi announced not long ago a troop cut by 300,000. China has also contributed more UN peacekeepers than any other permanent member of the Security Council.

China has lifted 439 million people out of poverty and made remarkable progress in areas of education, health and women's welfare over the past 30-plus years since the country embarked on reform and opening-up, Xi said.